Why Purchase Your Rental Property Through Us?
When you are looking at purchasing a rental property, it’s substantially more complicated than financing a home that you plan to live in. Qualifications vary, and often it is not easy to find a lender willing to give you the funds to make your investment dreams come true. That’s where we fit in!
We’ve established relationships with Canada’s leading financial institutions and private lending groups to help you make your investment goals achievable.
- 100% of Rental Income accepted when living in the rental property
- If property is not owner occupied 75% of rental income will be accepted when calculating debt service ratios.
- High Ratio Financing on rental properties
- Equity Financing on rental properties available for clients who can’t show their income
Once you’ve decided on the plans and location for your rental property, AKAL Mortgages is here to help make your dreams come true.
Depending on your credit, you’ll be able to qualify for the best rates as well as high-ratio mortgage financing on your rental properties.
AKAL Mortgages is proud to announce that we are now also offering refinancing on rental properties up to 90% of the appraised value in major urban centers, and 85% of the appraised value in less populated areas